General years Flashcards
This is general info about when the mortgage industry started
1
Q
When did citizen’s start to desire to own a home which began to built the mortgage industry in the United States.
A
From the early 1900s through the 1930s,
2
Q
What was created towards the first step in modern mortgage industry?
A
The Federal Reserve System.
3
Q
What year was the Federal reserve created?
A
It was created in 1913.
4
Q
The Federal Reserve System established a ____________ that permitted them to make real estate loans, which established a framework for government involvement in mortgage lending.
A
federal charter for banks
